Brexit will again provide a steer on the fortunes of the pound to euro exchange rate, according to finance experts. Sterling was staying strong at the start of the week, yet the figures wobbled on Wednesday following Prime Minister Theresa May’s crucial talks on the UK’s separation from the EU. It is less than six weeks until the UK leaves the political-geographic area, on March 29. After MP’s rejected confidence in her latest divorce deal, on February 14, the pound plummeted yet has since picked up.
The pound was trading at €1.149 according to Bloomberg, at the time of writing.
Analysing the data, Laura Parsons, currency analyst at TorFX, said to Express.co.uk: “The GBP/EUR exchange rate was left fluctuating on the cusp of €1.150 on Wednesday as PM Theresa May returned to Brussels to discuss the UK’s Brexit deal with the EU’s Jean-Claude Junker.
“Although May asserted that progress had been made in talks, demand for the pound was limited as Home Secretary Sajid Javid said the chances of a no-deal exit had risen.
“Brexit headlines will remain the key driver of GBP movement today.”
Mrs May
